Moneris Go Offer BMO

Offer Period

The promotional offer described below (“Offer”) is available from February 27, 2024 (the “Offer Period”). The duration of this promotion is subject to modification upon the introduction of new Moneris products and offerings.

General Eligibility Criteria and Terms

The Offer is available only to merchants located in Canada who receive an Offer Email from Moneris and meet each of the following criteria (the “Eligibility Criteria”):

  1. The merchant is not an existing Moneris merchant, and enters into a merchant agreement for credit and debit card processing (“Merchant Agreement”) with Moneris Solutions Corporation (“Moneris”) during the Offer Period
  2. Must have a business bank account with BMO®
  3. The merchant successfully signs up for a Moneris Go terminal
  4. The following does not apply to the merchant: (i) the merchant currently participates in a merchant program for franchisees, trade associations, member associations or other buying groups; or (ii) the merchant has processed an aggregate Visa® and Mastercard® transaction volume of $2,500,000 CAD or greater in the three (3) months preceding acceptance of the Offer

Offer Details and Limitations

Merchants that fulfill the Eligibility Criteria will receive the following, as determined by Moneris acting in its sole discretion:

  1. Moneris will offer a Moneris Go POS device at a monthly rate of $9.99 CAD with Flat Rate Pricing of 2.65% + $0.10 transaction fees
  2. A Minimum Merchant Discount Rate (“MMDR”) of $20 CAD

If a merchant declines the Offer option that is made by Moneris, Moneris shall have no obligation to offer an alternative option.

Offer is limited to one (1) per merchant that fulfills the Eligibility Criteria. This limit applies regardless of whether the merchant is party to more than one Merchant Agreement. In order to maintain continued eligibility of this offer, merchants must process a minimum annual volume of $79,000 CAD.  This requirement will be subject to an annual review of merchants annual processing volume. If a merchant falls below the minimum annual volume threshold, the standard monthly device rental rate of $29.95 CAD will apply.

Moneris is under no obligation to approve a merchant for any services and reserves the right to determine a qualified merchant in accordance with its credit adjudication and other policies and procedures. Following satisfactory internal Moneris approval, merchants will be required to agree to, and agree to be bound by, the terms and conditions under the Merchant Agreement. The Offer is subject to change, withdrawal or cancellation at any time and is not valid or combinable with any other offer for Moneris payment processing services. If the Merchant Agreement is terminated prior to the expiry of its term, the merchant will pay Moneris the amount (or value) of the Offer it received. The merchant remains responsible for all other fees and payments in accordance with their Merchant Agreement, including applicable restocking or other incidental fees throughout the Offer Period and thereafter.

Limitation of Liability

Moneris, its officers, directors, employees, shareholders, promotion agencies, agents, successors, assigns and service providers will not be liable for any direct, indirect, incidental, special or consequential damages arising out of the Offer, even if advised of the possibility of such damages. By participating in the Offer, the merchant waives any and all rights to bring any claim or action related to such matters in any forum beyond one (1) year after the first occurrence of the incident upon which the claim or action is based. The merchant agrees that any and all disputes, claims and causes of action arising out of or connected with the Offer, shall be resolved individually, without resort to any form of class action.

By participating in the Offer, the merchant agrees to release and hold harmless Moneris and each of its parents, subsidiary, affiliate and related companies, and its and their respective officers, directors, employees and agents, from and against any losses, damages, rights, claim or cause of action of any kind arising or resulting, in whole or in part, directly or indirectly, out of participation in the Offer or from acceptance, possession, use or misuse of any item given in connection with the Offer.

MONERIS and MONERIS & Design are registered trademarks of Moneris Solutions Corporation. BMO is a registered trademark of Bank of Montreal. All other marks or registered trademarks are the property of their respective owners.